Diana Hartmann Ed. S. Regional Superintendent, ROE 44 IARSS
Metal prices are forecast to fall by 8 percent in 2023 and a further 3 percent in 2024. The largest price declines are forecast for tin and zinc, with drops of 23% and 20%, respectively, in 2023. Aluminum and nickel prices are forecast to decline by 11% and 15%, respectively, while copper, lead, and nickel are expected to fall by less than 5%.
Alcoa to cut 30 production at Kwinana alumina refinery for natural gas
10 Feb 2022 | 16:20 UTC FEATURE: Aluminum prices hit 13-year high on supply tightness, concerns Author Jacqueline Holman Editor Richard Rubin Commodity Coal , Electric Power , Energy Transition , Natural Gas , Metals Tags United States Highlights Price testing record highs Rallying power prices create hostile environment for smelters
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Aluminum's 2021 price performance. Chart via the London Metal Exchange.. Speaking with INN about how aluminum performed, Angelina Valavina of Fitch Solutions said there was a strong rebound in all.
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Goldman Sachs Group Inc. raised its price forecasts for aluminum, saying higher demand in Europe and China could lead to supply shortages. The metal will probably average $3,125 a ton this year in.
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2:44 This article is for subscribers only. Trading giant Trafigura Group has a stark warning for aluminum buyers: deep shortages of one of the most widely used metals mean the world will run.
Patricia Dal Santo Regional Superintendent, ROE 31 IARSS
Chinese alumina imports have nearly doubled while concern regarding the impact of government oversight grows Aluminum prices reached a ten year high across the global LME and Shanghai Futures.
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3:04 This article is for subscribers only. Supply-chain snags that have roiled commodity markets and helped push aluminum prices to a 13-year high this week are unlikely to ease any time soon..
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Alcoa said Jan. 9 that its Kwinana alumina refinery in Western Australia cut production by about 30% due to a gas shortage in the state and had temporarily switched to diesel Jan. 6 to power its Kwinana and Pinjarra alumina refineries.. Alcoa reverted to use gas to fuel the powerhouse boilers at the two alumina refineries in Western Australia on Jan. 12 following an increase in gas supply to.
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Pleas for help The Magnitude 7 plant in New Madrid, Missouri, had already closed once before it was bought from bankruptcy and restarted after the Trump administration imposed duties on imported.
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The bank sees a global shortage of 1.23 million tons of primary metal next year, almost double the deficit in 2023, with the price rising to $2,600 a ton in 12 months. For now, the aluminum market.
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Whether there is truly an aluminum shortage or not, supply has continued to decline for over a year. In fact, the global supply of primary aluminum was down around 0.6% year-on-year in the first.
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LONDON (Reuters) - Shortages of alumina, the raw material for producing aluminium, may become more severe in the coming months as an environmental crackdown in China is due to shut capacity,.
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LONDON, Feb 7 (Reuters) - Aluminium prices scaled a four-month peak on Monday as worries about supplies from top producer China and deficits in Europe and the United States were reinforced by.
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Middle East accounted for about 9% of global supply in 2023- IAI. LONDON, March 4 (Reuters) - European and U.S. buyers will compete aggressively for Middle Eastern aluminium if the European Union.
Mandy Horn Assistant Superintendent, ROE 21 IARSS
Erin Schaff/The New York Times By Ana Swanson Published Feb. 2, 2021 Updated Oct. 31, 2021 WASHINGTON โ President Biden reinstated tariffs on aluminum exported from the United Arab Emirates on.
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Alumina production is also limited, with small plants in Saudi Arabia and Turkey and Ega's 2.37-kilotonne facilities in the UAE. This means the region's aluminium smelters use largely imported materials, with Africa often the main source. Ega's Guinea Alumina Corporation bauxite mine, for example, is a major source for the Emirati.
